XRP Lawsuit: Possible Timeline Now That Ripple Has Filed Answers For SEC

April 11, 2022 6:25 pm Comments

In the latest updates regarding the Ripple vs. SEC lawsuit, Brad Garlinghouse and Chris Larsen have now filed their answers in response to the SEC’s first amended complaint.

Lawyer James Filan has now also tweeted on Twitter on his opinion on how the possible timeline for the case might play out and reveals that the Joint Proposed Scheduling Order should now be due on April 22.

The SEC’s position on the additional discovery would also be due on April 15 meaning that the SEC is now running out of time.

With that being said, there are a total of 4 decisions that Ripple is still waiting on the court to provide a decision on.

U.today reports on these pending decisions:

Ripple is still awaiting court judgments, according to the defense lawyer. At the moment, four judicial decisions are pending: decisions on the SEC’s Motion for Partial Reconsideration, the Defendants’ Motion to Strike the Supplemental Expert Report, the Defendants’ Motion to Compel Turnover of the Estabrook Notes and the decision on the SEC’s proposed redactions.

The filing of the Individual Defendants’ answer remains the triggering event, according to earlier updates shared by the defense lawyer. He added that after the answer is filed, the two-week clock for filing the SEC’s position on discovery and the Joint Proposed Scheduling Order begins to tick.

The SEC is scheduled to inform the court of its position on whether any additional discovery is required within a week of the submission of the Individual Defendants’ replies.

The SEC and Ripple have also been ordered to meet and confer over a briefing schedule for summary judgment motions.

Ripple is not letting the prolonged lawsuit against the SEC prevent XRP from making progress as the company just announced a collaboration with Carnegie Mellon University.

The university has been doing cutting edge research when it comes to utilizing blockchain technology to disrupt traditional industries.

This collaboration comes as part of the CMU announcing its partnership with Ripple’s University Blockchain Research Initiative which will promote both parties to engage in research and innovation within the blockchain industry.

With the capital to fund growth and the technical talent to utilize that capital correctly, Ripple is positioning itself for growth already all while the lawsuit is still happening.

CryptosNewss.com reports:

Ripple became one of the founding sponsors of Carnegie Mellon University’s Secure Blockchain Initiative. The Secure Blockchain Initiative is a university-wide, interdisciplinary research initiative to reimagine blockchain in industry ecosystems to address broad blockchain concerns.

CMU announced three years ago its partnership with Ripple’s University Blockchain Research Initiative to encourage academic research and innovation in the areas of blockchain, cryptocurrencies and digital payments.

The agreement has facilitated collaboration between Ripple and CMU researchers on several blockchain-related projects, resulting in many research-based papers and presentations.

This possible timeline of events for the XRP lawsuit comes after the release of news that reveal that the SEC may potentially have a conflict of interest.

Further examination of the SEC documents by the court may potentially accelerate the timeline that is currently expected.

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